Prominent australian crypto exchange today announced that they will be on-boarding self managed super fund accounts who have ‘complying’ status with Australian Taxation Office.
This is huge because:
A) BTC Markets wouldnt provide this support if there wasnt demand for this
B) Self Managed Super Funds are generally the accounts with the amount north of A$200K ( this is average though)
C) This means Australia Taxation Office considers all the digital assets exchanged on the exchange under the same umbrella.
Happy to hear fellow OZs’ views and to fill any knowledge gap that i have.
As always DYOR, i am not a financial consultant.
Research Topics for other countries: Australian Super, Australian Taxation Office, BTC markets
Link: https://mobile.twitter.com/BTCMarkets
Cheers lads.